The second in our series of sector focus reports. By Peter Jackson, Richard Cason, Robert Young and James Meakin (Taylor Wessing), with in-house views from Graham Langley-Smith (Wainbridge Ltd) and Henry Franklin (Tritax Group).
Taxation of residential propertyRobert Young
Partner Taylor Wessing
Bringing down the house... In a bid to clamp down on what the chancellor described as ‘morally repugnant’ avoidance 2012 has seen the announcement and introduction of a number of dramatic changes to the taxation of transactions in residential property. How do these changes affect investors and developers?
Perhaps the most notable of all recent changes not least because it entered into force more or less immediately is the new penal 15% SDLT rate for acquisitions of...
